This Kelkar Committee report headed by Vijay Kelkar lays the roadmap for fiscal consolidation. It suggests revision of the fiscal deficit target of 5.1% set for this fiscal and emphasises on fuel price reforms and divestment for fiscal consolidation. Also advises the government to adopt a phased method for implementing the Food Security Bil
“Indian Public Finance Statistics” is an annual publication prepared by the Economic Division of the Department of Economic Affairs, Ministry of Finance. This provides a comprehensive overview of the budgetary transactions of the Central and State governments.
The Union Budget 2012-13 presented by the Finance Minister ShriPranab Mukherjee in LokSabha identifies five objectives to be addressed effectively in the ensuing fiscal year.
The Economic Survey 2011–12 summarizes the performance on major development programmes & has a new chapter that reflects the growing challenges of sustainable development & climate change.
A Bill to provide access to financial services for the rural and urban poor and certain disadvantaged sections of the people by promoting the growth and development of micro finance institutions as extended arms of the banks and financial institutions and for the regulation of micro finance institutions and for matters connected therewith and in
One of the priorities that have emerged in recent years is the need to strengthen India’s social safety net and improve the delivery mechanisms of poverty alleviation programs. This is to ensure that vulnerable groups can withstand unforeseen shocks to income and continue to access basic goods and services at affordable prices.
The Indian economy this year (2010-11) has been characterized by robust economic growth and steady fiscal consolidation. Inflation continues to be high even though it has come down markedly from where it was at the start of the fiscal year. There are structural challenges that face, concerning economic governance, efficiency in delivery of subsidies and building up infrastructure.
The Budget documents presented to Parliament comprise, besides the Finance Minister's Budget Speech, of the following: A. Annual Financial Statement (AFS); B. Demand for Grants (DG); C. Appropriation Bill; D. Finance Bill; E. Memorandum Explaining the Provisions in the Finance Bill, 2011; F. Macro-economic framework for the relevant financial year; G.
This paper by Kaushik Basu, Chief Economic Adviser in the Ministry of Finance presents fundamentals of our foodgrain market and policy that leads to this situation and also suggests policies for rectifying this. Analyses some broad principles of economics that have been violated in the existing strategy and explains why we have not had adequate success in enriching farmers and protecting consumers.
